Global Pension Index Highlights Diversity and Challenges

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The Melbourne Mercer Global Pension Index compares retirement income systems in 25 countries representing 58% of the world’s population. The Index rates these systems based on their Adequacy (accounts for 40% of the overall score), Sustainability (35%), and Integrity (25%). This comes at a time when pension systems worldwide are under increasing pressure due to rising life expectancy, increased governmental debt, uncertain economic conditions, and a global shift to defined contribution plans. “The tides of accountability for ensuring financial security in retirement are shifting from State and employer responsibility to individuals in many countries,” said Dr. David Knox, Senior Partner at Mercer responsible for the company’s contribution to the Index. “This trend will continue as life expectancy continues to increase and many governments reduce the per capita expenditure on their aged population. This shift means communication to members has never been more important or come under … Learn more

October 20, 2014 | Categories: Other | Tags: , , | 0 Comments | Leave a Comment »

Pay Raises in US Continue Steady Growth

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Compensation is the single biggest expense for most companies, and today’s continuing tough economics and limited internal resources are making compensation decisions all the more difficult. But recently, employers are loosening the purse strings, ever so slightly, and are concentrating limited resources on top talent, according to Mercer’s 2014/2015 US Compensation Planning Survey. More than … Learn more

October 13, 2014 | Categories: Other | Tags: | 0 Comments | Leave a Comment »

Retirement Ages Rise Over Past 10 Years

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The past 10 years have witnessed a significant change in many benefits provided by employers and mandated by governments, according to an analysis of a decade of Mercer’s annual Worldwide Benefit and Employment Guidelines (WBEG). The 2014 WBEG is now available and includes in-depth data for 64 countries on trends, overviews, statutory and typical benefits, employment conditions, and more. Among … Learn more

October 6, 2014 | Categories: Other | Tags: , , | 0 Comments | Leave a Comment »

Maternity Leave Makes Strong Gains in Last 10 Years

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Benefits come and benefits go, affecting family lifestyle, government expenditure, and employer policy. In the last 10 years, employees worldwide have witnessed a significant increase in maternity benefit generosity, according to an analysis of a decade of Mercer’s annual Worldwide Benefit and Employment Guidelines (WBEG). The 2014 WBEG is now available and includes in-depth data for 64 countries … Learn more

September 29, 2014 | Categories: Infographics | Tags: , , | 0 Comments | Leave a Comment »

Employees Benefit in Unusual Ways

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The term “employee benefit” tends to conjure up thoughts of health care, retirement plans, and various forms of insurance. But in some parts of the world, as revealed by Mercer’s 2014 Worldwide Benefit & Employment Guidelines, employees enjoy certain benefits focused on supporting local traditions, raising the standard of living, or even promoting a cleaner environment. In one case, the … Learn more

September 22, 2014 | Categories: Infographics | Tags: , | 0 Comments | Leave a Comment »